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Aditya Birla Money is bullish on Ashok Leyland and has recommended buy rating on the stock with a target of Rs 51 in its February 28, 2011 research report.
Ashok Leyland has been in a medium-term downtrend however it has traded mixed above the support zone of Rs 46/45 and formed an inside-day candle stick pattern on Friday. The 14-day RSI and Stochastic (14, 3, 3) are hovering near the oversold territory but are exhibiting potential positive divergence. Hence a break above last Thursday
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